Futures Trading Room – Overnight Overview of November the 7th 2016
Here’s what I sent to subscribers:
If SPY closes above today’s open at 212,42 the following patterns will trigger:
SHORT PATTERNS 68-96-125-138-347-348-380 (PRICE-VOLUME-RSI-SEASONALITY)
LONG PATTERNS 173-293 (VIX)
ODDS MAP: 0,21 – 30 – 10
If that happens, I will enter SHORT.
STOP LOSS = 27 ES points
TAKE PROFIT = none
NOTES:
Calendary seasonality is neutral but the Odds Map shows good interesting bearish numbers.
The night ended as expected and I exited with a profit of 6 points on my future account. -0,28% of down move for the future against -0,20% of down move for the etf. Lucky trade!